American Bitcoin Corp. (NASDAQ:ABTC) has achieved a significant milestone by accumulating a treasury of 6,000 Bitcoin, a feat co-founder Eric Trump celebrated enthusiastically. In a post on X, Trump highlighted that this achievement came within just six months of the company’s public debut, referring to it as a remarkable testament to ABTC’s execution and growth. He emphasized the firm’s rapid expansion, claiming that it has established one of the quickest-growing public Bitcoin reserves globally, surpassing several established competitors in a relatively short time frame.
Currently, American Bitcoin holds a total of 6,039 BTC, translating to an estimated value of $409 million, as reported by BitcoinTreasuries.net. This places the company ahead of renowned entities such as GameStop Corp. (NYSE:GME) and Gemini Space Station Inc. (NASDAQ:GEMI) in terms of Bitcoin reserves.
Despite these impressive figures, the stock performance of American Bitcoin has not reflected the same level of excitement. The company, which began trading on the Nasdaq Exchange in September of the previous year, operates as a hybrid Bitcoin mining and treasury firm, generating new Bitcoin through its own mining activities.
Analysts, however, have shown optimism regarding ABTC’s future, with firms like Roth Capital and H.C. Wainwright & Co. initiating coverage of the stock with a “Buy” rating, alongside a price target of $4. This positive sentiment comes as the company prepares to announce its earnings for the full year of 2025 on February 26, prior to market opening.
In terms of market activity, Bitcoin was trading at approximately $67,540.58 at the time of reporting, reflecting a 1.41% decline over the previous 24 hours. Meanwhile, American Bitcoin’s shares dropped by 0.14% in after-hours trading, following a 3.54% decrease to $1.090 during regular trading on Tuesday. Furthermore, the stock has been trailing in price trends as indicated by Benzinga’s Edge Stock Rankings, covering short-, medium-, and long-term periods.
